Jul 14, 2026 · QQQ/SPY Market Review · 30 headlines
QQQ opened 1.20% above its previous close and was up 1.45% by 4:00 a.m. ET on July 15. SPY moved from a 0.23% regular-open gain to 0.52%, leaving QQQ 0.93 percentage points ahead. June CPI rose 3.5% from a year earlier, below the 3.8% forecast and the prior 4.2%, and short-term rate futures rose as traders reduced rate-hike bets. Chip and AI updates included the start of H200 shipments to China, an ASML earnings beat, and New York’s one-year moratorium on new data centers. Replacing the proposed 20% Hormuz fee with trade and investment deals was followed by a renewed U.S. naval blockade and fresh military warnings. Prices after 8:00 p.m. ET were carried.
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June CPI rose 3.5% from a year earlier, below the 3.8% forecast and the prior 4.2%. Short-term rate futures advanced as traders reduced rate-hike bets, while Fed officials described the report as benign but kept attention on services inflation.
A U.S. official said H200 shipments to China had begun, and ASML reported quarterly earnings and sales above estimates. New York’s signed one-year pause on new data centers added a policy constraint to the same technology theme.
Trump said the proposed 20% reimbursement fee would be replaced by Gulf trade and investment deals. Later, CENTCOM said U.S. forces had resumed the naval blockade of Iranian ports, and Trump left open the possibility of a ground campaign.
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